Archive for May, 2018

ICICI Credit Card Bill Payment Modes On Your Fingertips

My friend Piyush Tyagi, a 25-year old marketing executive, applied for ICICI Credit Card a few years back. Seeing his income and repayment capability, the bank nods to his application instantly. He used to shop galore with a credit card, which earned him a lot of reward points on his spends. Besides, he was an avid traveler and so came discounts and cashback his way, saving that extra buck which would have gone out otherwise. Paying the bill was never an issue for him. But, since he was tied up with so much of work, he could not pay bills on time.

Just a few months back, he applied for a personal loan and much to his disappointment, the application got rejected on the grounds of a poor credit history marred by late payments of the bills. Had Piyush activated Auto Payment on his credit card, he won’t have faced the rejection. But you people can choose that mode as well as others to make ICICI Credit Card Bill Payment on time. And, if you are seeking details, the article is here to know the same.

Activate Auto Pay on Your ICICI Credit Card

While filling ICICI Credit Card Application Form, you could find standing instructions of ‘Auto Pay’. Tick that option and fill the bank account details to get the auto payment activated on your credit card. So, all your card bills will get paid automatically on or before the due date. You would, however, receive an SMS regarding your credit card bill much before the due date, giving you that extra time to keep the balance on your account for a smooth payment.

How Can You Make ICICI Credit Card Bill Payment Using Net Banking?

Doesn’t matter whether you have Internet Banking of either ICICI Bank or any other, the bills can be paid conveniently from any of those. In the case of ICICI net banking, the card details and tab of payment would be there to let you pay your bills. On the other hand, you can use other bank’s internet banking credentials (User ID & Password) to pay.

ICICI Credit Card Payment Through NEFT

You can even add your ICICI Credit Card as a beneficiary while using the Internet banking of other banks. You can activate the card for payment via National Electronic Fund Transfer (NEFT).

ICICI Credit Card Payment Through Debit Card

There is no dearth of payment gateways that enable credit card payment. Just go online to find one of them. Type ICICI Credit Card Bill Payment to see many links emerging in your search. Click one of them and choose ‘Debit Card’ from the list of payment modes. You also need to Click on the bank whose debit card you would be using to pay the bills. Afterward, you need to enter the debit card number, your name, expiry date, etc. After filling these, you should click on One-Time Password (OTP). Enter the OTP sent to your mobile number to process the transaction further. Upon a successful transaction, you would receive an SMS on your mobile number regarding the payment.

Why Your Business Needs Its Own Forklift Trainer

Navigating a forklift is totally different from navigating a normal car, simply because every move demands accuracy to prevent accidents from happening in the warehouse. Since forklifts are used to move around loads of different weights and sizes, every action should be efficiently maneuvered.

Aside from investing in tools which would increase business optimization, businesses should also invest in having an in-house forklift trainer. Having someone from the team who can use a forklift is not enough because users should be trained and be equipped legitimately.

Not only does this new venture ensure savings in the future because it saves your time and energy from calibrating forklift training centers should you need one since you already have one in-house, but ultimately it guarantees safety and makes better forklift users.

What is In-House Forklift Training?

An in-house forklift course is designed to train the prospective instructor with as many of the basic operator training exercises as possible within the comfort of their own working environment. Aside from having the training in your own workplace, in-house training also allows you to train your staff in flexible hours. Completing and taking up a forklift course does not even ask a trainee to put in extra hours because that training will ideally take place within the company’s work hours.

What are the Advantages of an In-House Forklift Trainer?

1. Forklift Trainers Train Drivers Just like how they were Trained Themselves

When a normal forklift driver tries to train new and potential forklift operators, they could pass on bad driving habits and that are not really helpful to a newbie forklift driver. When this situation goes on unnoticed, it can become difficult to break. So, if you only have one forklift driver at work, the best thing to do is to train him properly on the first day before hiring another one. You will only need to spend on getting the proper training once. As soon as the first driver gets qualified, then you hire another one and your in-house trainer will already take it from this end moving forward.

Safety should be the number one priority at work, especially when a job includes moving heavy objects from one place to another most of the time. Hence, proper training is equally paramount.

2. In-House Forklift Trainers Work Effectively

Getting coached the proper way and acquiring certification adds confidence to an in-house forklift trainer. Hence, they feel more confident to take ownership of forklift training. They pass on the things they learned and the good practices they picked up during training. They become role models for the rest, helping churn out more properly-trained forklift operators. Instead of depending on lectures or notes, they prefer training by action, thus effective work ethics can be taught.

3. You Produce Loyal and Caring Employees

As a business owner, you’ll feel more at ease because the feeling of comfort is already there. You know that your future drivers will learn only from someone whom you saw grow and improve right before your very own eyes. You don’t have to worry about bad habits to be passed on from one driver to another, or unnecessary under times and whatnot. Not only the proper techniques and skills can be taught by your very own in-house forklift trainer, but also the right attitude. It might not be taught, but at least the new drivers can see the good qualities of a forklift driver from their colleague. Also, they provide unbiased feedback on the training, and since you already built that trust a long time ago, you wouldn’t mind taking note of them as the training go along.

Do not feel discouraged about the issues that might come soon as you start planning on sending your in-house forklift driver to undergo a proper training because you are only seeing the tip of the iceberg. Having your own in-house forklift trainer entails a lot more benefits and you will soon be amazed as to how many it could be.

Top 5 Trends In Australian Manufacturing For 2018

It seems like the manufacturing industry is expanding faster than ever. Last year, we saw a lot of new Australian manufacturers emerge and improve their operations. And with such an impressive growth rate, it’s interesting to see what lies ahead for Australian manufacturing in 2018. Just like with any other industry, some new trends are expected to emerge this year. That said, let’s take a closer look at top 5 trends for Australian manufacturing in 2018.

Technology Gaining More Attention

According to recent reports, it’s expected that up to AU$84.8 billion will be spent on technology in 2018. Due to the Internet of Things and Cloud, we’re going to see a big portion of this money be invested in high-profile programming languages. This means more IT professionals will enter the manufacturing industry and the demand for talent in this field will rise. It’s also important to note that with more IT experts in Australia, manufacturers will start bringing their operations back to home soil. Manufacturers will, of course, keep looking for new pieces of technology that could be used in their operations.

Top 5 Trends In Australian Manufacturing For 2018

3D Printing becoming the Next Big Thing

No matter what kind of work you do, you must’ve heard about 3D printing. Even though this practice is still in its infancy, it seems like we’re about to see quite a lot from it in Australia this year. Right now, 3D printers are only used for model making, but they’re constantly getting more use and it’s only the matter of time we’ll see them be used for creating manufacturing tools. In 2018, every manufacturer will need to think about starting to use these printers for creating replicas of their products. This will help them reduce both time and cost of creating new products.

Top 5 Trends In Australian Manufacturing For 2018

Drones Getting More Use

Just like 3D printers, drones are constantly getting more use. This is also going to be the case in 2018 as many manufacturers will start including these into their operations. Their main use will be for monitoring manufacturing facilities. This can be pretty helpful for Australian companies with more than one manufacturing facility. The use of drones marks a big step in so-called “cobotics.” This is the concept of people working with the machines in order to make their operations faster, easier and more cost-effective. On top of this, it’s important to say that we might soon get to see drones be used for more than just monitoring manufacturing facilities.

Top 5 Trends In Australian Manufacturing For 2018

Better Products

With all the money invested in manufacturing processes, it’s certain that we’re going to see more quality products enter the market. This is something both individuals and large companies will be able to benefit from. Construction companies will be able to invest in quality excavator rubber tracks while individuals will be able to get better devices like PCs. This is especially the case because manufacturers will use data to figure out what improvements can be made in their operations. Therefore, we can also expect to see more companies researching the market and reaching out to their current customers.

Top 5 Trends In Australian Manufacturing For 2018

More Direct-to-Consumers Sales

Manufacturers are no longer just manufacturers. As the old-school models are starting to disappear, we’re about to see more manufacturers starting to work as retailers and services providers as well. This will lead to a big rise in direct-to-consumers sale all over Australia. Just take a closer look at companies such as Nike and Apple that have opened their own stores all over the world. This is something we expect many Australian manufacturers to start doing. As a result, we’ll see manufacturers start hiring more experts in merchandising and marketing. Direct-to-consumers sales can do wonders for them as they raise brand awareness and cut out all the middleman costs.

Top 5 Trends In Australian Manufacturing For 2018

There you have it – 5 manufacturing trends all Australians need to keep an eye on in 2018. And with each of these trends gaining attention, Australian manufacturing is guaranteed to have another great year.

Canara Bank Home Loan Interest Rates, Eligibility Explained Here

Having a savings account at Canara Bank and want to take the relationship further with a home loan to buy a property? Well, before choosing Canara Bank your home finance partner, better be aware of the interest rates the public lender charges, besides the purposes for which it extends a loan. Being aware of these only helps you make a good decision with regards to a home loan that demands a long-term commitment of say 20-30 years. So, get ready to listen to Canara Bank Home Loan in detail here.

Canara Bank Home Loan Interest Rates – Key to a Smooth Repayment

The bank offers you a loan at 8.45%-8.65% per annum for purposes such as purchasing or constructing a house or flat, purchasing a site and constructing a house on the same, repairing, renovating, expanding, upgrading and creating additional amenities, etc. The interest rates you see is benchmarked to 1-year MCLR of 8.40%. The eventual rates are a spread above the MCLR. Even though the MCLR can change every month, the canara bank home loan interest rate will be reset once a year. So the interest rate will be according to the prevailing MCLR at the time of reset.

Canara Bank Home Loan EMI Calculator

Do switch on the calculator to compute the EMI and interest payable on your loan till the expiry of its tenure. The calculation depends on three variables –

Loan Amount

Interest Rate

Since it’s a home loan, you can be slightly flexible in choosing a tenure. A longer tenure does lead to a greater payout of interest compared to a shorter one. So, if you are looking to avail a home loan of say 40 lakhs for a period of 25 years. The bank offers you the same at say 8.60% per annum. What will be the EMI and interest outgo on the same? The EMI and interest are going to be 32,479 and 57,43,726, respectively. If you tweak your application by opting a 20-year tenure, the same EMI and interest would be 34,967 and 43,91,962, respectively.

Canara Bank Home Loan Eligibility

Here’s the eligibility to gain approval for Canada Bank Home Loan.

  • All the salaried who are confirmed and have served a minimum of 3 years are eligible
  • Self-employed businessmen/professionals with a minimum of 3-year experience are also eligible
  • While the age of the borrower must not exceed 60 years at the time of loan application, his/her age must be below 70 years at the time of proposed loan maturity

How Much a Home Loan Can You Expect to Receive from Canara Bank?

The maximum loan is contingent upon the gross annual income and the cost of the property. On a general note, the maximum loan can be 4 times the gross annual income as per ITR/ITAO of the immediately previous year (for salaried). On the other hand, self-employed businessmen or professionals can get a loan of up to 4 times the average gross annual income of all the four years. However, the income needs to be supported by a documentary proof. Canara Bank would, however, won’t finance 100%. It would provide finance at 75%-90% of the property cost, with the remaining 10%-25% have to be paid from your end.

How Do Self-Employed Prepare For Retirement?

A simple answer would be by building an empire and not looking back. However, not all self-employed and small entrepreneurs can turn their businesses into million-dollar powerhouses. For most of them, the problems of healthcare, paid vacation leaves, and retirement are puzzles that they need to solve on their own. Usually the retirement options are last on the list since in your youth you are more focused on creating value right now than thinking about when you’ll be over 70.

Retirement Plans

Since self- employed make up an essential part of the active population there are numerous options to choose from. These include:

  • Solo 401(k)- this is the choice of solo business owners who can also include a spouse. You won’t be able to match the employer’s contribution since you are both, but you can put up to a quarter of the earnings in this direction.
  • SEP IRA (Simplified Pension IRA)- great for solopreneurs and small businesses since there is no minimum contribution so that you can have different inputs, according to your level of earnings.
  • SIMPLE (Savings Incentive Match Plan for Employees)- this is the least used option since it comes with the obligation for the employer to pay 2% of the salary under IRS penalty for default.

The Beauty of Roth

Most savings towards pensions are tax-exempted at the moment of the deposit. That only means that the beneficiary, either the original deponent or heirs, will pay taxes on the withdrawal. This postponing can be uninspired and result in a smaller total amount than if the charges would have been paid before.

This is exactly what a Roth offers. The money in a Roth account, either a designated Roth contribution or a Roth IRA have already been taxed once as income. That means that all the interest will be added to the final amount and given enough time it could end consistently larger.

What Is a Roth IRA? It is a retirement account that you can save yearly up to $5,500 ($6,500 if you are over 50 years old) from already taxed funds. Since the sum is not too high, it is more of an additional instrument than your primary savings tool for retirement, but it could make the difference between traveling locally and internationally in your silver years.

The real plus is that if during retirement you end up in a higher tax bracket you don’t have to worry about it and can just enjoy the fruits of your work.


As tempting as it might sound, a Roth IRA account is not available to everyone. There is an earnings limit currently set at $ 118, 000 for single tax filers and head of households and $186, 000 for married filing jointly. After these limits, there is the opportunity to make smaller contributions, and for high earners ($133,000 – single, respectively $196,000 married filing jointly), this type of IRA is not available.

Self-employed who have employees of their own are responsible for their people’s retirement plans. For companies that are larger than a husband and wife who would typically choose a Solo 401(k), the choice is between a SEP IRA and a SIMPLE IRA. The SEP is the sole duty of the employer and taking the maximum 25% for your salary means that you should give the same right to each employee.

The key takeaway here is not to wait for too long before setting up a retirement plan. Taking advantage of all existing options and even combining them is the best decision you can make in a world filled with uncertainty.